Thanks for writing in.
The condition you are suffering can be tinea corporis
It is a fungal infection
There is nothing to be worried about.
Treatment can be oral and topical antifungals.
Antifungal soaps and lotions can be helpful.
Also supportive oral tablets containing antihistaminics and antifungals can be helpful.
cream for twice a day for a week is good.
Please consult a good dermatologist
for proper examination and prescription medications.
Hope this helps.